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clock Created with Sketch. 31/03/23
16:52
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Originally posted by dc1234:
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Will PCE data support the rally? Yes AGE gained 4 pips to finish at 3.6c. Our volume was moderate, just around 10m shares traded. Yesterday I had mentioned that it may make another attempt shortly as I was expecting markets to be on our side - it did so today and again reached 3.6 which was 3 days back. So a good sign. Next is to get above 3.8. ASX U stocks had a good day today. Of the 28 stocks that I track, average gain was around 3%. Yesterday also we gained - so finally some good signs of back-to-back. . What next: . Yesterday SP 500 had a another decent day and maintained its positive momentum, gaining just over 0.5% to finish at 4050. ASX too was in good green and had a rise of around 0.75%.So what will happen tonight? US futures in slight green. Asian markets largely green but under 1%. PCE data tonight. Core PCE on Month is expected to rise and on Year to Year to stay the same. Its a binary event, so unpredictable. We can only hope that it is at least up to expectations and this allows us to reach early 4100 and then we can have another fight. Will that happen? Lets hope so. Enjoy your weekend and all the best.
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URA eft rebalance day boys and girls. The Notting action on AGE and LOT should have made it obvious what the close was going to look like. It was entirely ETF driven. DYL PEN AGE LOT all gapped up on open. Just remember etf rebalance dates and there is easy money to be made on the closes.
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